Sports betting Archives

October 19, 2023

ESPN Bet unveils brand

Penn Entertainment and Disney’s ESPN have unveiled the brand for their upcoming mobile sports betting offering, ESPN Bet.

ESPN Bet’s mint green and navy logo is to feature across the multiple ESPN channels, including in-app, on social media and in television programming.

The sports media company added the logo will give prominence to the “ESPN” brand. However, the mobile sportsbook application itself will be branded as the letter “E” within a “B”.

the espn mobile application brand

ESPN, which is the largest sports media brand in the US, said this “creatively expresses the idea that ESPN, in partnership with Penn Entertainment, is launching a sportsbook for fans, but at its core is still ESPN, the most trusted brand in sports.”

According to Penn president and CEO Jay Snowden, the app is set to launch in November after a five-month development period.

This followed the August announcement that Penn would be launching an ESPN-branded online sports betting offering through a $1.5bn ..

October 19, 2023

North Carolina sports betting rules outline pick’em ban

The North Carolina State Lottery Commission's (NCSLC) Sports Betting Committee has published its proposed sports betting rules – which would include a ban on pick'em-style daily fantasy sports (DFS) games.

The state’s Sports Betting Committee instigated the rulemaking process on the proposed rules on 17 October. It also opened up a process to accept public comments on the rules, which will close on 1 November.

Sports betting was officially legalised in North Carolina after its governor, Roy Cooper, signed House Bill 347 into law in June. This came after a number of attempts to bring sports betting to the Tar Heel State, which had increased in the months leading up to the June signing.

The bill stipulated that North Carolina had to publish its sports betting regulations before 8 January 2024. The state must also authorise all sports betting operators to start taking wagers by 14 June 2024.

Now, North Carolina joins a number of recent states – including New York – in turnin..

October 18, 2023

IBIA reports 50 suspicious betting alerts in Q3

The International Betting Integrity Association (IBIA) reported 50 suspicious betting alerts in the third quarter, with football and tennis accounting for more than half of these.

The figure is level with the 50 alerts sent by the IBIA during Q2 of 2023. It was also lower than the 148 alerts reported in Q3 last year.

Football and tennis collectively accounted for 56% of all alerts sent in Q3. Tennis drew a total of 15 during the quarter and football 13.

Some eight alerts in Q3 related to table tennis, seven for darts and three for esports. The IBIA also saw two alerts for betting on bowls and one each for basketball and greyhound racing.

Of all alerts, 43 related to male-only events, three for women’s events, three for mixed gender and one for an animal sporting event – greyhound racing.

Europe draws 30 IBIA alerts in Q3

As for the location of alerts, Europe led the way with a total of 30 alerts during Q3. Of these, 11 came from the UK: seven in relation to darts, two for bowls..

October 17, 2023

Italian footballer suspended for seven months amid illegal betting scandal

The Italian Federal Prosecutor's Office has handed Juventus footballer Nicolò Fagioli a seven-month suspension for betting on football events.

Reports about Fagioli emerged last week, claiming he placed bets with an unlicensed gambling site. Italian Football Federation (FIGC) rules state athletes found betting on the sport can face bans of up to three years.

Two more Italian national team players, Newcastle United’s Sandro Tonali and Aston Villa player Nicolo Zaniolo were later revealed to be under investigation and withdrawn from selection.

According to the Italian Football Federation (FIGC), Fagioli has reached an agreement with the Federal Prosecutor’s Office. This is in line with article 126 of the CGS, which allows the subject of an investigation to apply for a reduced sanction. Fagioli will also be fined €12,500 (£10,849/$13,239)

Further reports today (17 October) say that Guiseppe Riso, Tonali’s agent, confirmed that he had a gambling addiction. Henry Winter, chief fo..

October 17, 2023

G2E 2023: Like Covid never happened

The dog days of the pandemic feel long in the past and the gaming industry was in a bullish mood at G2E 2023, Buck Wargo writes. Despite potential economic headwinds, international expansion and high hopes for igaming mean many left Las Vegas with the sense the industry is in good health.

It was like the pandemic never happened.

The Global Gaming Expo returned to Las Vegas last week, upbeat and optimistic about igaming’s future.

The industry faces headwinds in the coming months from the US economy and a potential Culinary Union strike in Las Vegas, but attendees at the show remained positive.

G2E attracted more than 25,000 people over its four days, just shy of 2019’s record 27,000 turnout. Attendance continued to bounce back after 2020’s cancelled event and a 2021 edition that drew only 13,000 delegates.

A greater return of international visitors and exhibitors – more than 125 countries were represented – helped boost attendance numbers. There were 368 exhibitors, up from 350 a y..

October 17, 2023

New Jersey gambling revenue up 7.5% in September despite land-based dip

Gambling revenue in New Jersey increased by 7.5% year-on-year, to $521.5m in September, despite a fall in land-based casino revenue.

Total revenue was comfortably higher than $485.0m in September 2022. However, the figure was slightly lower than the $531.6m generated in New Jersey in August this year.

Land-based casino gambling remains the main source of revenue in New Jersey despite the yearly decline. Revenue for this segment hit $246.5m, down 2.1% from $251.7m last year.

Some $182.7m of all land-based gambling revenue came from slot machine games, a drop of 2.0%. Table games generated 63.8%, down 2.2% from September last year.

Igaming revenue tops $164m in September

Turning to igaming, this area of the market experienced the most growth in September. For the month, revenue amounted to $163.8m, an increase of 21.1% from last year’s $135.2m.

Online slots drew $161.4m in revenue, up 21.4% from the previous year. The other $2.4m was generated from peer-to-peer poker games in New J..

October 17, 2023

Massachusetts: DraftKings takes record $290m sports bets in September

DraftKings processed a record $290.1m in online sports bets in Massachusetts during September, while the state reported a month-on-month rise in total betting handle.

Overall sports betting hit $512.2m in September, up 62.7% from $314.9m in August. It is also the second highest monthly total since Massachusetts launched legal online wagering in March.

Online betting accounted for $499.7m of total wagering, while a further $12.4m was spent at retail sportsbooks.

Sports betting revenue just shy of $50m

An increase in spending in September also led to a rise in taxable sports betting revenue.

During the month, operators generated a total of $49.8m in wagering revenue, up 119.4% from $22.7m in August. Of this total, $49.0m came from online betting and $783,017 retail wagering.

Again, this was the second highest amount since the legal online betting market opened. Only May’s $59.4m is higher than the total generated in September.

DraftKings running away with Massachusetts online spor..

October 16, 2023

Betfred launches Maryland sportsbook with Long Shot’s

Sports betting operator Betfred has expanded its retail reach into Maryland after rolling out a new land-based sportsbook in the state in partnership with Long Shot’s.

The Betfred Sportsbook is now open at Long Shot’s, an off-track betting location in the Capital Region of Maryland.

The new sports betting facility features an 80-panel television wall and 12 self-service kiosks. Players can place cash bets at the betting counter, as well as deposit and withdraw from their Betfred online account.

Betfred only secured a licence in Maryland in February of this year. However, its course to launch in the state was plotted well in advance of this, with details of the Long Shot’s link-up revealed in July 2022.

Maryland legalised sports betting in December 2021 with retail launching first. Regulated online sports wagering did not launch until November last year.

“Our commitment to enhancing the sports betting experience remains unwavering,” Betfred USA CEO Kresimir Spajic said. “The effort..

October 16, 2023

Juventus contacts Italian FA over Fagioli betting reports

Italian Serie A football club Juventus has contacted the country’s football association over reports that one of its players, Nicolò Fagioli, is embroiled in a dispute over betting.

Reports have emerged that several Italian players, including Fagioli, have allegedly placed bets through an unauthorised gambling website.

Sandro Tonali of Newcastle United in the English Premier League and Nicolò Zaniolo, on loan at Premier League team Aston Villa from Turkish Süper Lig club Galatasaray, were the two players initially named in the case. Allegations of Fagioli’s involvement came to light soon after.

Shortly after reports emerged, the Italian Football Federation (FIGC) said two players had been sent home from national team duty. Tonali and Zaniolo are now back training with their respective clubs.

The FIGC did not say why the pair had been sent home. However, it did state that it was in relation to an investigation by the Turin Public Prosecutor’s Office. Media reports say this investig..

October 13, 2023

Kansas smashes sports betting handle record in September

Consumers in Kansas spent a total of $219.3m on sports betting during September, a new monthly record for the US state.

Kansas opened its legal sports betting market in September last year. Players bet $160.5m in the opening month, with this year’s figure 36.6% ahead year-on-year.

The September 2023 figure was also up 132.3% from $94.4m in August this year. In addition, it surpassed the previous record of $206.3m set in March this year by 6.3%.

Some $201.1m of all bets placed in September were done so online, while $18.2m was spent at retail sportsbooks.

As for revenue, this amounted to $8.1m in September. Revenue was up 523.1% from $1.3m in the same month last year and 68.8% ahead of $4.8m in August.

Online sports betting accounted for $7.6m of all revenue for the month, with retail’s share at $459,336.

Boot Hill Casino and DraftKings retain the lead in Kansas

Breaking down monthly performance, Boot Hill Casino and partner DraftKings continue to lead the online market. The par..

October 13, 2023

Indiana sports betting handle surpasses $400m in September

Players in Indiana spent more than $400.0m betting on sports during September, while operators were able to generate in excess of $41.0m in revenue.

Sports betting handle in Indiana reached $404.1m in September. This was 5.7% more than $382.5m last year and also 69.7% ahead of $238.1m in August this year.

The start of the new NFL season meant football was the most popular sport to wager on in September. Indiana bettors wagered a total of $155.4m in football during the month.

Baseball also proved popular with players, drawing $50.3m in bets, and basketball $10.4m. A further $124.8m was spent on parlay bets and $62.9m other sports.

As for taxable adjusted gross revenue, this amounted to $41.1m. This was 19.7% lower than $51.2m in September 2022 but 74.9% higher than $23.5m in August of this year.

Ameristar Casino and DraftKings edge ahead with sports betting in Indiana

Looking at individual operators, Ameristar Casino and DraftKings moved to the front of the state’s market in Septe..

October 13, 2023

Ontario igaming revenue more than doubles in Q2

Online gambling revenue in Ontario more than doubled year-on-year in Q2 to CA$540m (£324m/€375m/US$395m), while player spending in the Canadian province rocketed 132%.

Total igaming revenue in Ontario for the three months to 30 September was up 105% from $267m in Q2 of last year – the second full quarter since the regulated market opened in April 2022.

Of this total, $407m came from online casino activity in Ontario. A further $118m in revenue was generated from internet sports betting and $16m online poker. Revenue covers all cash wagers, rake fees, tournament fees and other fees, minus player winnings.

As for player spending, total igaming wagers in Q2 reached $14.20bn. This was significantly more than the $6.04bn spent during Q2 of last year.

Consumers spent $11.90bn on internet casino games, $1.90bn on sports betting and $397m online poker. Players spending does not include promotional wagers such as bonuses and free bets.

Ontario: an expanding igaming market

The figures, pub..

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Tag: Sports betting